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Aussie shares close at record high for fifth session

Derek RoseAAP
The ASX has risen for seven straight days, thanks largely to US interest rate cuts. (Steven Saphore/AAP PHOTOS)
Camera IconThe ASX has risen for seven straight days, thanks largely to US interest rate cuts. (Steven Saphore/AAP PHOTOS) Credit: AAP

Another day, another record. It's getting to be old hat, but traders aren't complaining.

The benchmark index for the Australian Securities Exchange finished Friday at its highest ever level for the fifth-straight day and hit an all-time intraday high for four days in a row.

In its seventh-straight day of gains, the S&P/ASX200 index rose 17.6 points, or 0.21 per cent, to 8,209.5, to enjoy a 1.35 per cent gain for the week.

The broader All Ordinaries on Friday climbed 20.2 points, or 0.24 per cent, to 8,437.2, also a record close.

The Australian dollar was buying 68.22 US cents, from 68.19 US cents at Thursday's ASX close.

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